An Empirical Study on Key Factors Influencing the Value of IT Companies Listed in Overseas Markets

摘要

In this paper, we firstly take IT companies mainly listed in NASDAQ from 2005 to 2007 as the object sample. Secondly, we choose eight financial indicators as the independent variables and put forward seven hypotheses. Finally, we analyze some main factors influencing the value of IT companies listed in overseas markets by using multi-factor regression model. We find that net operating-cash per share and tangible net assets per share have significantly positive impact on corporate value; earnings per share, intangible assets per share, and R&D expenditures have significantly negative influence and total assets turnover and asset-liability ratio have no significantly impact at all.